$1,400,000
Staten Island, NY 10302
MLS# 1152627
Status: Closed
3750 sqft
1 / 19
Property Description
For the Sophisticated Investor, 90 Park Avenue offers an intriguing cash flow opportunity in today's lofty market. An updated and upgraded, legal 18 Room SRO, completely vacant - providing you with a blank canvas to begin operations. With demand for affordable units at an all time high, 90 Park Avenue presents the opportunity to deliver a high cash on cash return in a demanding marketplace. Recent improvements and upgrades include a security camera system that has direct access to the Police Precinct, mechanical upgrades and interior renovations. These improvements were designed to limit your cap ex and minimize your maintenance during the operation of the building. With demand for housing an all time high, it is easy to project 90 Park with a double digit cash on cash return and a huge cash flow generator in your multi family portfolio.
Details
Maps
Documents
Address/Legal
Section: North Shore
Contract/Location Information
List Price/SqFt: 399.73
Offered at $/SqFt: 18
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
Stories: 3
Taxes: 22429
Tax Abated: No
Lot Size SqFt: 3750
Year Built Info: Approx
Lot Dim: 50x75
Irregular: No
Air Conditioner: None
Condition: Excellent
Garage Capacity: 0
# Units: 18
Public Remarks: For the Sophisticated Investor, 90 Park Avenue offers an intriguing cash flow opportunity in today's lofty market. An updated and upgraded, legal 18 Room SRO, completely vacant - providing you with a blank canvas to begin operations.
With demand for affordable units at an all time high, 90 Park Avenue presents the opportunity to deliver a high cash on cash return in a demanding marketplace.
Recent improvements and upgrades include a security camera system that has direct access to the Police Precinct, mechanical upgrades and interior renovations. These improvements were designed to limit your cap ex and minimize your maintenance during the operation of the building.
With demand for housing an all time high, it is easy to project 90 Park with a double digit cash on cash return and a huge cash flow generator in your multi family portfolio.
# of Heating Units: 1
Year Built: 1915
Building SqFt: 3750
Status Change Info
Projected Close Date: 2022-06-01
Pending Date: 2022-05-11
Sold Date: 2022-07-01
Sold Price: $1,400,000
Unit 1
Unit 1 - Level: 1
Unit 1 - # Rooms: 4
Unit 1 - # Bedrooms: 2
Unit 1 - # Baths: 1
Rent/Month: 0
Sewer
City: 1
Appliances
Total # Ranges: 1
Total # Refrigerators: 1
Unit 3
Unit 3 - Level: 3
Unit 3 - # Rooms: 5
Unit 3 - # Bedrooms: 5
Rent/Month: 0
Unit 3 - # Baths: 1
Electric
220: 1
Unit 4
Unit 4 - Level: 4
Unit 4 - # Rooms: 5
Unit 4 - # Bedrooms: 5
Heat Source
Gas: 1
Heat System
Hot Water: 1
Electric Meters
Master: 1
Gas Meters
Master: 1
Parking
On Street: 1
Garage Location
None: 1
Siding
Stucco: 1
Income & Expense
Gross Income: 0
Total Expense: 71013.36
Net Income: 0
Extras
Cable: 1
Superintendent's Apt: 1
AddressLegal
Street No.: 90
Street Name: Park Ave
County: Richmond
State: NY
Zip Code: 10302
Area Name: Port Richmond
Parcel ID: 01005-0019
ContractLocation Information
Status: Closed
Marketing/Listing Date: 2022-02-28
Sold Price: $1,400,000
Current Price: $1,400,000
Sub-Type: 9+F
Zoning: R3-A`
Block: 01005
Lot: 0019
Property Features
Electric Meters: Master
Garage Location: None
Siding: Stucco
Extras: Cable; Superintendent's Apt
Gas Meters: Master
Heat Source: Gas
Heat System: Hot Water
Electric: 220
Parking: On Street
90 Park Ave OM 
Listing Courtesy of Cornerstone Realty
Listing data provided courtesy of Staten Island Multiple Listing Service. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.